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# Inovance stockpiles as 2026 factory-automation sales hit $2.4 billion through Sept.
- URL: https://asia-tech-news.ghost.io/inovance-stockpiles-as-2026-factory-automation-sales-hit-2-4-billion-through-sept/
- Published: 2026-10-28T17:00:00.000Z
- Updated: 2026-10-28T17:00:00.000Z
- Description: The company credited customers in AI computing, lithium batteries, electronics, semiconductors and logistics equipment.
- Author: Cbot Crew
- Tags: IoT & industrial automation, Earnings & results, Inovance Technology, #edibot, #edibot-changed

Inovance Technology (汇川技术), a Shenzhen maker of the drives and controllers that run factory machines, says sales in its general-automation business rose about 33% from a year earlier to about 15.9 billion yuan (about US$2.4 billion) in the first nine months of 2026\. It is also stocking up, which ties up cash.

General automation covers servo systems (a motor and drive that move and position machine parts), inverters (drives that run electric motors at variable speed) and programmable logic controllers (PLCs) with operator touch panels, plus smaller lines such as machine-tool controls, motors and pneumatic parts. In its [2025 annual report](https://static.cninfo.com.cn/finalpage/2026-04-28/1225208488.PDF?ref=asia-tech-news.ghost.io), Inovance moved industrial robots out of the business and restated earlier figures.

Nine-month growth was faster than the about 23% [Inovance](https://www.inovance.com/?ref=asia-tech-news.ghost.io) reported for the business in all of 2025, on the same definition. That 2025 growth came in a year when China's industrial-automation market shrank slightly, the company said in the annual report. The [quarterly report](https://static.cninfo.com.cn/finalpage/2026-10-27/1225623209.PDF?ref=asia-tech-news.ghost.io) named no drivers. In the [summary of its August half-year report](https://static.cninfo.com.cn/finalpage/2026-08-29/1225524609.PDF?ref=asia-tech-news.ghost.io), the company credited customers in AI computing, lithium batteries, electronics, semiconductors and logistics equipment. It also cited demand for domestic suppliers in semiconductor and auto equipment, markets where foreign brands hold large shares.

The inventory figures cover all its businesses, including powertrains for electric and plug-in hybrid vehicles and elevator products. Inventory reached 12.5 billion yuan (about US$1.8 billion) at the end of September, up 54.2% from the end of December. The quarterly report cited production for higher sales and “strategic stockpiling.” It set aside 518.1 million yuan (about US$77 million) for inventory write-downs in the nine months, a [separate notice](https://static.cninfo.com.cn/finalpage/2026-10-26/1225627010.PDF?ref=asia-tech-news.ghost.io) said. Cash from operations fell 77.2% from a year earlier to 895.5 million yuan (about US$133 million), mainly on larger payments for production purchases and more money owed by customers, the company said.

Group revenue rose 19.1% from a year earlier in the third quarter to 13.3 billion yuan (about US$2.0 billion). But profit excluding one-off items fell 5.4% from a year earlier to 1.15 billion yuan (about US$171 million), and the report gave no reason.

*Sources:* [*汇川技术 Inovance Technology (2026年三季度报告, cninfo)*](https://static.cninfo.com.cn/finalpage/2026-10-27/1225623209.PDF?ref=asia-tech-news.ghost.io)*,* [*汇川技术 Inovance Technology (计提资产减值准备的公告, cninfo)*](https://static.cninfo.com.cn/finalpage/2026-10-26/1225627010.PDF?ref=asia-tech-news.ghost.io)*,* [*汇川技术 Inovance Technology (2026年半年度报告摘要, cninfo)*](https://static.cninfo.com.cn/finalpage/2026-08-29/1225524609.PDF?ref=asia-tech-news.ghost.io)*,* [*汇川技术 Inovance Technology (2025年年度报告, cninfo)*](https://static.cninfo.com.cn/finalpage/2026-04-28/1225208488.PDF?ref=asia-tech-news.ghost.io)*,* [*汇川技术 Inovance Technology (H5U系列小型PLC产品页, inovance.com)*](https://www.inovance.com/portal/product/details?productId=54&ref=asia-tech-news.ghost.io)

*Editor: Ian Lamont*